PANews, October 17: According to Cointelegraph, Borderless.xyz’s latest Q3 report shows that the median cost of sending a $200 remittance via stablecoin channels is just 1% (approximately $2), compared to 6.36% (approximately $12.72) for traditional remittances—making stablecoin solutions about 84% cheaper. The savings are even more pronounced in emerging markets: in Sub-Saharan Africa, stablecoin remittance costs are 2.9% versus 8.46% for traditional methods; in Latin America, they are 1.25% versus 5.64%. For business payments, transferring $10,000 to the Eurozone costs as little as $26 via stablecoins, compared to $135–$150 for traditional bank wire transfers.
Report shows stablecoin remittance costs are 84% lower than traditional methods.
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Summary
A new weekly market report from Borderless.xyz shows that stablecoin remittances cost 84% less than traditional methods. Sending $200 via stablecoin costs $2 (1%), compared to $12.72 (6.36%) through banks. In sub-Saharan Africa, fees drop from 8.46% to 2.9%, and in Latin America from 5.64% to 1.25%. Business payments of $10,000 to the Eurozone cost as little as $26 via stablecoin, compared to $135–$150 for bank wires. The daily market report highlights growing cost advantages in cross-border transactions.
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